XE Market Analysis: Europe – Sep 28, 2017

The dollar has rallied out of correction lows that were seen after the London interbank close yesterday. USD-JPY recouped to around 113.00, back within scope of yesterday’s two-and-a-half-month peak at 113.25, rebounding from a pullback low at 112.37. EUR-USD dropped back under 1.1730 after yesterday’s rebound from a five-month low at 1.1717 capped out at 1.1776. Cable logged a fresh two-week low, at 1.3364, tallying up the pair’s losses from last week’s high to over three big figures.